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Coventry Lake 06238
50 Berry Avenue
Listing Courtesy of: Tammy Arute, Arute Realty Group LLC
$125,000
● House - Off Market

50 Berry Avenue

Coventry, Connecticut 06238
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$794
Est. Monthly
15.08%
Cap Rate

About This Property

Located within walking distance to Coventry Lake. Bungalow style home. Needs TLC. Level lot at end of Cul-de-Sac. Information regarding the association may be found on their website: geraldparkcoventry.com Being sold "As Is, Where Is". Subject to probate court approval. Home has been winterized. PLEASE SUBMIT HIGHEST AND BEST OFFERS IN WRITING BY TUESDAY 12/5 12:00PM/NOON. THANK YOU.
Unit Size
720 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$174
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Smart MLS #170612266)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Dec 8, 2023 In contract -
In contract
Nov 28, 2023 Listed by Arute Realty Group LLC $125,000
Listed by Arute Realty Group LLC
Aug 3, 1998 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 720
  • Gross Building Area: 1,656
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 720
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Coventry School District
  • School Tax School District: COVENTRY SD
  • Census Tract: 850200

Zoning

  • Zoning: LR

Geography

  • Account Number: R05827
  • Parcel: COVE M:000R B:0014 L:0009
  • Block: 14
  • Lot: 9
  • Municipality: COVENTRY
  • Latitude: 41.7689
  • Longitude: -72.3319

    Address

  • Full Address: 50 Berry Ave
  • Address - House Number: 50
  • Address - Street Name: Berry
  • Address - Suffix Type: Ave
  • State: CT
  • City Name: Coventry
  • Carrier Code: R012
  • 4-Digit Zip Code: 2410
  • Zip Code: 06238

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $215,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0814
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 126,297
  • High Value: 136,582
  • Low Value: 116,011

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,800
  • Assessed Land Value: $36,700
  • Assessed Improvements Value: $31,100

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 19
  • Current Sale Input Document Number: 2024-00256
  • Previous Sale Recording Date: Aug 03, 1998
  • Previous Sale Amount: $33,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Coventry Lake

Stats & Trends

Median Asking:

$309,950

Sale Price/ft²

$265

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1475 ft²

Average Home Age

68.5 years

Currently For Sale

4 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2354 Main Street, Coventry, CT, 06238

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 672 ft²
2354 Main Street #2, Coventry, CT, 06238 Listing by Marta Lisowska

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Tammy Arute
Arute Realty Group LLC
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170612266
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 50 Berry Avenue built and last sold?
The property at 50 Berry Avenue was built in 1925 and last sold on Feb 29, 2024 for $125,000.
How much is this home worth?
The estimated value of the home located at 50 Berry Avenue is $0.
What are some comparable homes to 50 Berry Avenue?
There are currently no comparable homes to 50 Berry Avenue.
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